Insurance

Documents required when buying insurance policy.


Insurance is a means of protecting against financial loss. It is a type of risk management that is mainly used to cover the risk of a conditional or uncertain loss. An entity that provides known insurance as an insurer, an insurance company, a supplier or an insurer.


  • Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Income documents:
    • Last 3 months salary slips
    • Income Tax Returns of last 2/3 years
    • Latest 6 months Bank Statement with salary entries in the last 3 months
    • CA certificate in case of Businessmen
  • Age Proof: Secondary School Certificate (class X), Birth certificate, Passport, Voter ID card
Applicant Details

Insurance

Insurance is a form of investment to cover the risk. It is a contract between an insurance company and a natural person in which an insurer has pledged financial protection against the insured's losses. The company collects a premium from the policyholders to pay the amount to an insured who has suffered the losses and to maintain a profit margin.

Insurance has three major categories.


Life Insurance

Death is the ultimate truth that we all need to face. As painful to consider death, one needs to be prepared for it. If you are the winner in the family pan, your death will cease your family life. There is no fraudulent plot you can make, but you want to make sure that there is no difference in cash flow for your family, so they can continue the same way of life as they used to live. Here a life insurance policy is needed. A life insurance policy is a long term financial instrument that can be your "family's financial burden" after your death. By paying regular premiums on life insurance policies selected according to your needs that you and your family can be sure that there are no financial burdens about the important events of your loved ones.

Health Insurance

A development that can cause a serious drop in the finances of a family is the occurrence of a serious or long-term illness or the requirement of major surgery. Increasing privatization of healthcare has made health care more expensive. Progress in the field of medical technology means that you can live longer, but that high-quality procedures are also accompanied by a huge price tag. The answer to the high and rising costs of health care (the inflation rate in the healthcare system in the country is about one and a half to twice the consumer inflation) lies in the purchase of adequate health insurance for your family.

Property insurance

Property insurance is a policy that provides the owner of a structure and financial reimbursement in the event of damage or theft. Property insurance may include home insurance, rent-insurance, flood insurance and earthquake provision.